tilizers market was valued at US$2.41 bn in 2015 and is projected to reach US$3.92
bn by 2024, expanding at a CAGR of 5.6% between 2016 and 2024.
Growth in population coupled with shift toward sustainable agriculture is expected
to drive the controlled release fertilizers market during the forecast period. However,
lack of awareness regarding the benefits of controlled release fertilizers and high
cost compared to traditional chemical fertilizers may hamper market growth. Furthermore,
prospective application of these fertilizers in the turf grass and lawn care industry
is anticipated to provide ample growth opportunities to the market during the forecast
period.